The market dynamics of textile recycling are driven by a combination of environmental concerns, technological advancements, regulatory initiatives, and consumer behavior. Textile recycling involves collecting, sorting, and processing used textiles to create new products or materials. One of the key factors driving the growth of the textile recycling market is the increasing awareness of environmental issues such as waste generation and resource depletion. As consumers become more conscious of the environmental impact of their clothing choices, there is a growing demand for sustainable alternatives to traditional textile production and disposal methods.
Technological advancements play a crucial role in the textile recycling market dynamics. Innovations in recycling technologies have made it possible to recover a wider range of textile materials and process them more efficiently. Advanced sorting and separation techniques allow recyclers to segregate different types of fibers and fabrics, enabling them to create higher-quality recycled products. Additionally, advancements in chemical recycling processes have made it possible to break down textile fibers into their basic components, which can then be used to produce new materials without the loss of quality.
Regulatory initiatives also drive market dynamics in the textile recycling industry. Governments around the world are implementing policies and regulations aimed at reducing waste and promoting recycling. These regulations may include mandates for the recycling or reuse of textiles, as well as measures to incentivize manufacturers and consumers to adopt more sustainable practices. For example, some countries have implemented extended producer responsibility (EPR) schemes, which require manufacturers to take responsibility for the end-of-life disposal of their products, including textiles.
Consumer behavior is another important factor shaping the textile recycling market. As consumers become more aware of the environmental impact of their purchasing decisions, there is a growing demand for sustainable and ethically produced textiles. Many consumers are actively seeking out products made from recycled materials or produced using eco-friendly manufacturing processes. This shift in consumer preferences is driving companies to incorporate recycled materials into their products and adopt more sustainable business practices.
The competitive landscape of the textile recycling market is also influenced by factors such as market consolidation, industry partnerships, and supply chain dynamics. As the demand for recycled textiles continues to grow, we are seeing a trend towards consolidation within the industry, with larger companies acquiring smaller players to expand their market presence and capabilities. Additionally, strategic partnerships between recyclers, manufacturers, and retailers are becoming increasingly common as companies seek to collaborate across the value chain to improve efficiency and sustainability.
Supply chain dynamics also play a significant role in the textile recycling market. The availability of feedstock, which consists of used textiles collected from consumers, businesses, and institutions, can vary depending on factors such as consumer behavior, collection infrastructure, and economic conditions. Recyclers must actively manage their supply chains to ensure a steady and reliable source of feedstock, which may involve establishing partnerships with collection agencies, implementing efficient collection and sorting processes, and exploring new sources of raw materials.
Textile Recycling Market Size was valued at USD 7.2 Billion in 2022. The Textile Recycling industry is projected to grow from USD 7.7 Billion in 2023 to USD 12.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.60% during the forecast period (2023 - 2032). The expanding public knowledge of textile recycling and the growing environmental concern about the generation of textile waste, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing social awareness of textile recycling and growing environmental concerns about the manufacturing of textile waste are anticipated to drive market expansion. The Environmental Protection Agency (EPA) estimates that textile waste takes about 5% of landfill area. The average amount of textiles produced annually in the United States is 25 billion pounds or 82 pounds per person. Over the projection period, the aforementioned factors are anticipated to fuel demand for textile recycling. Recycling textile waste promotes environmental sustainability. A prospective recycling strategy called upcycling maximizes the use of energy, raw materials, and water while minimising its negative effects on the environment. In addition, recycling textiles has a lower environmental impact than landfill disposal and textile incineration. Resource recovery can produce significant environmental benefits by replacing goods derived from primary resources. Over the course of the projection period, all of the aforementioned variables are anticipated to stimulate market expansion.
The United States has one of the greatest textile industries in the world, according to the National Council of Textile Organisation of the U.S. Additionally, the U.S. produces a significant amount of garbage from wasted textiles. The average American tosses away about 70 pounds of textiles each year, according to the Council for Textile Recycling. In the upcoming years, it is anticipated that the aforementioned reasons will increase demand for textile recycling. Additionally, it is expected that an increase in textile waste will be produced due to population growth and expanding consumer spending power, raising management issues. In order to address problems with managing textile waste and encourage the adoption of a circular economy in the nation, a number of government agencies and private businesses are looking at textile recycling. U.S. Environmental Protection Agency Report 2022 states that 14.7% of all textiles in the nation were recycled in 2018.
The average life of a given garment is getting shorter, which contributes to an increase in the production of textile and clothing waste. Due to the landfill disposal and incineration process, which results in greenhouse gas emissions, this has a significant negative influence on the environment. Recycling textiles significantly lowers greenhouse gas emissions and stimulates economic growth, claim the EPA and SMART. Furthermore, it is projected that innovations in recycling practises and ground-breaking research in the area will support market expansion. For instance, LIST Technology AG displayed a lyocell T-shirt made entirely of recycled material in February 2022 at the International Conference on Cellulose Fibres, announcing a breakthrough in the textile recycling business. Thus, driving the Textile Recycling market revenue.
The Textile Recycling Market segmentation, based on Material, includes cotton, polyester & polyester fiber, wool, nylon & nylon fiber, and others. Cotton segment dominated the global market in 2022. Recycled cotton is a sustainable choice since it requires significantly less resources than conventional or organic cotton and reduces textile waste. Cotton is one of the main contributors to textile waste because of its high demand and widespread use in clothes and other textiles. Wool clothing has a longer shelf life and superior inherent durability in the textile industry.
The Textile Recycling Market segmentation, based on Textile Waste, includes pre-consumer and post-consumer. The post-consumer segment dominated the global market in 2022. Clothing that has been damaged, rejected, worn out, or is no longer in style makes up post-consumer textile waste. Post-consumer textile waste includes any clothing that a consumer throws away.
The Textile Recycling Market segmentation, based on Distribution Channel, includes online and retail & departmental stores. Online segment dominated the Textile Recycling Market in 2022. Online sales now make up about a quarter of all retail sales, and the industry is expanding quickly. Retailers who ignore e-commerce risk having less business as more and more customers place orders online.
The Textile Recycling Market segmentation, based on Process, includes mechanical and chemical. Mechanical segment dominated the Textile Recycling Market in 2022. This is primarily due to the fact that there are many market participants who recycle textiles mechanically rather than chemically.
The Textile Recycling Market segmentation, based on End Use Industry, includes apparel, home furnishings, industrial & institutional, and others. Apparel segment dominated the Textile Recycling Market in 2022. It consists, among other things, of waste generated by the excess fabric used in manufacturing, rejected or damaged clothing, and post-consumer discarded clothing and footwear. The typical lifespan of a new garment has dramatically decreased over the past 20 years, increasing the amount of trash produced by the clothes industry.
Figure 1: Textile Recycling Market, by End Use Industry, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Textile Recycling Market dominated this market in 2022 (45.80%). An increase in consumer spending on products and services is to blame for this. Due to this, there is now a greater need in the area for textile recycling activities as well as sustainable options for managing textile waste. Further, the U.S. Textile Recycling market held the largest market share, and the Canada Textile Recycling market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: TEXTILE RECYCLING MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Textile Recycling market accounted for the healthy market share in 2022. This is due to rising government backing from the various nations and an increase in recycling-related programmes. Further, the German Textile Recycling market held the largest market share, and the U.K Textile Recycling market was the fastest growing market in the European region
The Asia Pacific Textile Recycling market is expected to register significant growth from 2023 to 2032. Due to growing worries about the environmental effects of textile waste, expanding government initiatives for managing textile waste, and ongoing development of cutting-edge technologies for textile recycling, it is anticipated that demand for textile recycling activities will rise in this region over the course of the forecast period. Moreover, China’s Textile Recycling market held the largest market share and the Indian Textile Recycling market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Textile Recycling market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Textile Recycling industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Textile Recycling industry to benefit clients and increase the market sector. In recent years, the Textile Recycling industry has offered some of the most significant advantages to medicine. Major players in the Textile Recycling market, including Anandi Enterprises, American Textile Recycling Service, Boer Group Recycling Solutions, I:Collect GmbH, Infinited Fiber Company, Patagonia, Prokotex, Pure Waste Textiles, Retex Textiles, and Unifi, Inc., are attempting to increase market demand by investing in research and development Materials.
For the textile and nonwovens industries, Lenzing AG (Lenzing) manufactures and sells fibres and cellulose. The company sells a variety of goods, including acetic acid, furfural, xylose, and magnesium lignin sulfonate as well as lyocell fibres, filament yarn, modal fibres, viscose fibres, pulp, and sodium sulphate. Its goods are used in the production of clothes, farming supplies, interior and hygiene items, hazard safety supplies, engineering goods, and packaging materials. Additionally, the business provides engineering, consulting, and mechanical construction services. It has manufacturing sites in the US, China, the UK, Austria, the Czech Republic, Indonesia, and Thailand.
Compagnie de Saint-Gobain (Saint-Gobain) manufactures building materials and construction-related products. Numerous varieties of glasses, ceramic tiles and associated products, plastics, pipes and associated items, home improvement supplies, gypsum, industrial mortar, roofing products, and external wall products are among the company's product lines. Additionally, the business sells performance polymers, glass textiles, and mineral ceramics. ADFORS, British Gypsum, Certainteed, CHRYSO, GCP APPLIED TECHNOLOGIES, NORTON, RIGIPS, weber, SAINT-GOBAIN, and Isover are only a few of the brands under which it sells these goods. The automotive, aerospace, health, defence, energy, security, and food and beverage industries all use Saint-Gobain products. Along with its affiliates and subsidiaries, the corporation conducts business throughout the Americas, Europe, the Middle East, Africa, and Asia-Pacific.
March 2022 A contract was inked by HYOSUNG TNC and TOPTEN to collaborate on the creation of high-quality environmentally friendly products.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)